Uber Hack Raises Fresh Concerns Over Cyber Fraud

November 29, 2017

Updated 7mo ago

The holiday season is officially upon us. If Cyber Monday is any sign of what to expect from the retail sector, we should be prepared for a lot of online shopping. As more dollars exchange hands over the internet, the need to step up efforts to fight online fraudulent activity becomes more important than ever. Michael Reitblat, CEO and Co-Founder of Forter, a real-time fraud prevention company, joined us on set to discuss how to combat fraud.
The recent Uber hack that compromised information of 57 million users has many people worried about cyber security. Reitblat emphasises that everyone needs to calm down, because the cyber threat is not as bad as it seems. He advises that as long as you are prepared, you’re information is more likely to be protected.
Forter offers end-to-end solutions for retail fraud. The company alerts clients in real-time and proceeds to block the fraudulent user. Reitblat offers tips and best practices to avoid becoming a fraud victim.